Investment Banking Modeling Tests

Practice investment banking modeling with hands-on financial modeling tests covering 3-statement modeling, DCF, and M&A

3-Statement Modeling Tests

Build integrated financial models connecting the income statement, balance sheet, and cash flow statement.

Test 1 Easy

Simple 3-Statement Model

Build a straightforward integrated model connecting the three financial statements.

45 mins Easy
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Test 2 Medium

Medium 3-Statement Model

Practice a more detailed integrated financial statement model with additional forecasting work.

1 hr Medium
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Test 3 Hard

3-Statement Model — Amazon

Build an integrated financial model using historical and forecast financial statements for Amazon.

3 hrs Hard
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Test 4 Hard

3-Statement Model — Nucor

Take on a longer, more detailed 3-statement modeling case based on Nucor's financials.

4 hrs Hard
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DCF Modeling Tests

Practice forecasting free cash flow, calculating terminal value, discounting cash flows, and building complete valuation models.

Test 1 Easy

Simple DCF Model

A straightforward DCF exercise covering the core mechanics of forecasting free cash flow, calculating terminal value, and discounting cash flows to arrive at enterprise value.

45 min Easy
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Test 2 Medium

DCF Model — WebMD

Build a more complete DCF model using historical financials, operating forecasts, valuation assumptions, and sensitivity analysis.

1 hr Medium
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Test 3 Medium

DCF Model — Activision Blizzard

Practice building a DCF from company financials and operating assumptions while connecting the forecast, valuation, and trading comparables into one integrated model.

1.5 hrs Medium
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Test 4 Hard

DCF Model — Oracle

An advanced DCF modeling test designed to challenge your ability to build a detailed forecast and valuation model using realistic company financials.

3 hrs Hard
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M&A Modeling Tests

Practice merger modeling, transaction assumptions, pro forma financials, and accretion and dilution analysis.

Test 1 Easy

M&A Model — Google Acquires Tesla

Build a straightforward M&A model and practice the basic accretion and dilution analysis.

1 hr Easy
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Test 2 Medium

M&A Model — Microsoft Acquires Activision Blizzard

Build an integrated acquisition model covering 3-statement modeling, transaction assumptions, pro forma financials, and accretion and dilution analysis.

2.5 hrs Medium
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Test 3 Hard

M&A Model — Salesforce Acquires Slack

Tackle a comprehensive M&A modeling case with more complex transaction assumptions, financings, tax, accretion and dilution analysis, and sensitivity analysis.

4 hrs Hard
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Ready to practice?

Build investment banking models hands-on and strengthen the skills used in financial modeling interviews and real-world transaction analysis.

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